16, OCEAN CLOSE, BIRCHINGTON, CT7 9HX - £670,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

16 OCEAN CLOSE is a very large extended detached house of 288m², built sometime between 1967 and 1975. It was last sold for £670,000 in June 2021, which was around 53% above the average June 2021 detached price in the Thanet local authority area. The most recent EPC inspection was November 2020, where the current energy rating was C, and the potential energy rating was B.

16 OCEAN CLOSE Sold Prices

Land registry data shows four sales for 16 OCEAN CLOSE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Thanet local authority area for the corresponding sale date. Most of the four 16 OCEAN CLOSE sales were for above the average price. The average price is sourced from the Office for National Statistics' House Price Index (HPI).

Date	Price	HPI Price	Variation from HPI
2021 7 JUN	£670,000	£437,914	53% above HPI
2014 26 MAR	£475,000	£257,822	84% above HPI
2008 28 NOV	£410,000	£239,143	71% above HPI
2007 9 FEB	£220,000	£253,354	13% below HPI

16 OCEAN CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Thanet local authority area over time, sourced from the HPI. The four 16 OCEAN CLOSE sales between February 2007 and June 2021 have been plotted on the graph. A line has been extrapolated to show what the value of the property might have been over time, following each sale, had it maintained the same margin above or below the HPI (as a percentage). For example, the March 2014 sale was for 84% above the HPI. So the extrapolation line tracks at 84% above the HPI over time, until the June 2021 sale, where it falls to 53% above the HPI. The line then continues to track at 53% above the HPI.

How Large is 16 OCEAN CLOSE?

16 OCEAN CLOSE is 288m², which includes four extensions, according to the EPC inspection conducted in November 2020. This puts it in the largest 10% of detached houses in Margate, based on EPC data. The below chart shows the distribution of detached houses by size in Margate, and where 16 OCEAN CLOSE lies on this distribution: 98% of detached houses are smaller than 16 OCEAN CLOSE, and 2% of houses are larger. Note that EPC data is not available for all properties in Margate.

16 OCEAN CLOSE: Plot and Title Map

16 OCEAN CLOSE sits on a plot of roughly 0.230 of an acre, or 929m². The below map shows the location of 16 OCEAN CLOSE, an approximate outline of the building(s), and the indicative extent of the property. The plot extent is a Land Registry INSPIRE Index Polygon, and it is important to note that a title may include more than one polygon, whereas only one polygon is shown on the map (the polygon which intersects with the position of 16 OCEAN CLOSE). The full extent of the land contained in any registered title can only be identified from the individual title plan. The maps on this page should not be relied upon to establish the extent of a title.

Where is 16 OCEAN CLOSE?

16 OCEAN CLOSE is located in BIRCHINGTON, in the CT7 postcode district. The below map shows the position of No. 16 on OCEAN CLOSE.